Dog ownership is strongly linked to home ownership and renters’ ability to find pet-friendly housing.
Nastasic | iStock.com
It would be difficult to overstate the link between housing affordability and the current dog population trends in the U.S.
Housing affordability is a complex issue driven by wages (for the majority who depend on work income rather than investment income or capital gains), housing prices, mortgage interest and homeowners’ insurance rates, the amount of housing stock for sale in relation to demand, building material costs for new home construction and the level of investment capital wielded to purchase residential property as rentals.
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